BZFD - Vivek Ramaswamy Boosts BuzzFeed Stock With Board Letter: What You Need To Know | Benzinga
BuzzFeed Inc (NASDAQ:BZFD) shares are trading higher Tuesday after former 2024 presidential candidate Vivek Ramaswamy wrote a letter to BuzzFeed’s board and revealed an increased stake in the company.
What Happened: In a post on X on Tuesday, Ramaswamy unveiled a new letter to BuzzFeed’s board in which he argues that a “shakeup is required.” Ramaswamy also noted that he is now the second-largest Class A shareholder of BuzzFeed with an 8.37% stake in the company.
“Nearly every legacy media company has failed its audience. The first one to openly admit it & make major changes should soar,” Ramaswamy said in the post.